KeyBanc upgrades Zillow Group to 'overweight' on upside potential

Zillow

03/02/2025 18:00

** Brokerage KeyBanc upgrades real estate service provider
Zillow Group  ZG.O  to "overweight" from "sector weight", with a
PT of $100
    ** Says housing market will improve "modestly" in 2025, sees
potential upside to Street estimates even without any
improvement in existing home sales through 2026
    ** Says ZG's integrated app experience and increased market
penetration can continue driving growth in a historically
challenging real estate market
    ** Co is set to announce Q4 results on Feb. 11
    ** 16 of 28 brokerages rate the stock "buy" or higher, 11
"hold" and one "sell"; with a median PT of $80.50 - data
compiled by LSEG
    ** ZG rose 25% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))